Here's what nobody tells you about Employee Value Propositions: many of them are rubbish. Not because companies don't care, but because they're built backwards. They start with what the marketing team thinks sounds brilliant based on the corporate brand, rather than what actually matters to the people who matter — your employees.
Picture this: A room full of executives, armed with market research and competitor analyses, crafting what they believe is the perfect EVP. They've got the buzzwords lined up: 'innovative culture,' 'work-life balance,' 'competitive benefits.' But somewhere between the boardroom and the break room, something gets lost in translation.
This scene plays out in offices worldwide. The Chief People Officer presents slick slides showing what Gen Z wants. The Marketing Director insists on 'differentiated positioning.' The CFO nods along while mentally calculating the cost per hire. They'll spend hours debating whether to use 'pioneering' or 'cutting-edge' in their employer branding narrative. They'll analyse competitor statements until their eyes blur. They'll craft an EVP that looks fantastic on paper.
Meanwhile, Sarah in accounting is wondering why the 'flexible working' promise doesn't apply to month-end closes. Dave in engineering questions why 'continuous learning' means watching outdated training videos. And the new graduate in marketing can't reconcile the 'competitive salary' promise with her student loan payments. Talk about a disconnect!
According to Gartner's 2022 Global Labor Market Survey, only one in four employees believe their employer has delivered on its EVP promises. Even more telling, Gartner's research revealed that organisations that effectively deliver on their EVP can decrease annual employee turnover by 69% and increase new hire commitment by nearly 30%. This disconnect between EVP promise and reality raises an important question: how well do decision-makers understand the day-to-day experiences of their employees?
The truth is, your EVP isn't just another corporate initiative to be filed away with your mission statement and values posters. It's a transparent reflection of your employee experience — the promises you make, the experiences you create, and the reality your people live every day.
Think about the last time you joined a company. What made you say yes? Was it the carefully worded job description, or was it something more fundamental? Something that spoke to your aspirations, your values, your vision of what work could be?
When done right, an EVP becomes a powerful part of your organisation's core identity. Consider Salesforce, ranked #2 on Fortune's "100 Best Companies to Work For" list in 2023. Their EVP centers on what CEO Marc Benioff calls the 'Ohana culture' - a deep sense of family and shared purpose. 'The business of business is to improve the world,' Benioff states in his book "Trailblazer”, demonstrating how a clear purpose drives their employee experience.